According to a 
report from Urner Barry, U.S. shrimp recently experienced the biggest increase in price since its history.
U.S. shrimp prices surged an unprecedented USD 1 on many sizes last month in response to shortages due to production cuts caused by EMS and holiday purchases.
For example, Asian 16-20 peeled tail on went from USD 7.05 to USD 8.05 during the month, while 21-25’s went from USD 6.05 to USD 7.
“I don’t know of a time that prices have jumped so much in such a short time,” Seafood Exchange’s Travis Larkin told SeafoodSource. “The massive decrease in production from Asia — especially Thailand — has created a substantial shortage worldwide, but demand has not decreased, at least not yet, so the pressure to purchase product has driven prices sky-high.
“I don’t know when things will change, but I’m not sure the higher prices have made it to retail and foodservice customers yet. When they do, I suspect we will start to see something softening in demand. That, combined with what many hope will be a rebound in production sometime in the next 6 to 12 months, will likely begin an easing in prices.”
report from Urner Barry, U.S. shrimp recently experienced the biggest increase in price since its history.U.S. shrimp prices surged an unprecedented USD 1 on many sizes last month in response to shortages due to production cuts caused by EMS and holiday purchases.
For example, Asian 16-20 peeled tail on went from USD 7.05 to USD 8.05 during the month, while 21-25’s went from USD 6.05 to USD 7.
“I don’t know of a time that prices have jumped so much in such a short time,” Seafood Exchange’s Travis Larkin told SeafoodSource. “The massive decrease in production from Asia — especially Thailand — has created a substantial shortage worldwide, but demand has not decreased, at least not yet, so the pressure to purchase product has driven prices sky-high.
“I don’t know when things will change, but I’m not sure the higher prices have made it to retail and foodservice customers yet. When they do, I suspect we will start to see something softening in demand. That, combined with what many hope will be a rebound in production sometime in the next 6 to 12 months, will likely begin an easing in prices.”
